Digital cash

Our digital cash is simply real money in digital form. It can be used to purchase digital assets, exchanged for world currencies, or spent on your cards anywhere.

Digital cash “lives” in two worlds: Fluid (for everyone) and on-chain (optionally, for crypto users).

Note: you don’t need to have a Web3 wallet to use digital cash. It is only if you want to hold the digital cash in your own wallet.

These two worlds are explained below

	Fluid world	On-chain
Held	Custodially, by Fluid	In your Web3 wallet
Backed by	100% backed 1:1 with cash in a bank account	100% backed 1:1 with cash in a bank account
Target interest rate	DUSD 4.00% DEUR 2.10% DGBP 3.00% DCHF 1.70%	n/a
Spend on cards?
Use in DeFi?
Insured?
Swap for fiat?

What can you do with digital cash?

Pay anyone, anywhere, instantly. In both the digital and traditional worlds.
Send it to other users (in Fluid world).
Send it to an on-chain address (no Web3 wallet required), in development.
Spend it on your Fluid Card.
Withdraw cash globally on your Fluid Card.
Automatically earn interest on your deposit balance.
Buy digital investment products (e.g. DTSLA, DAAPL), in development.
Use it with partners (e.g. NFT companies, gaming, metaverse, etc).
Swap it for traditional currencies anytime you wish to go from digital to fiat.

The better banking model for a better world

What can’t you do with digital cash?

Send it via the traditional banking system (e.g. using Swift). To do this, you need to have a Traditional Bank Account.

Pro tip: with Fluid, transfers are free and instant. All you need to know is the recipient’s email address, phone number or nickname.

Digital cash available now

Digital dollars DUSD
Digital euros DEUR
Digital pounds DGBP
Digital francs DCHF

Digital cash available in the future

The following digital cash has been integrated into our backend systems, but are not yet enabled in the apps. We will be rolling them out over time.

Australian Dollar (AUD)
Israeli Shekel (ILS)
Saudi Riyal (SAR)
Bahrain Dinar (BHD)
Japanese Yen (JPY)
Singapore Dollar (SGD)
Bulgarian Lev (BGN)
Kenyan Shilling (KES)
South African Rand (ZAR)
Canadian Dollar (CAD)
Kuwait Dinar (KWD)
Swedish Krona (SEK)
Chinese Yuan (CNY)
Malaysian Ringgit (MYR)
Croatian Kuna (HRK)
Mexican Peso (MXN)
Thai Baht (THB)
Czech Koruna (CZK)
New Zealand Dollar (NZD)
Turkish Lira (TRY)
Danish Krone (DKK)
Norwegian Krone (NOK)
Ugandan Shilling (UGX)
Omani Rial (OMR)
Hong Kong Dollar (HKD)
Philippine Peso (PHP)
United Arab Emirates Dirham (AED)
Hungarian Forint (HUF)
Polish Zloty (PLN)
Indian Rupee (INR)
Qatar Rial (QAR)
Indonesian Rupiah (IDR)
Romanian Leu (RON)

Quick overview of the different digital cash alternatives

All digital cash is available to Fluid Account holders globally.

	Digital Dollar, Digital Euro, Digital Pound, Digital Franc
Symbol	DUSD, DEUR, DGBP, DCHF
Blockchain Contract address	Arbitrum 0xF0B5cEeFc89684889e5F7e0A7775Bd100FcD3709
On-chain exchange pairs	ETH: Our Oracle Price Pool 0xF0B5cEeFc89684889e5F7e0A7775Bd100FcD3709
GitLab	Project ID: 31039283
Security audit	Solidified
Audit link	Audit Report 26.08.2021.pdf
Verification address	DUSD treasury
Represents:	Cash
Redeemable on a 1:1 cash basis?
Currency restrictions?
Mint fees	0.50% (will increase to 0.75% in summer 2022)
Mint fees (if you hold Fluid tokens)	0.50%
Redeem fees	1.00% (will increase to 1.50% in summer 2022)
Redeem fees (if you hold Fluid tokens)	1.00%

To purchase digital cash, simply sign up for the web app or download the mobile app and select Top up.

Get started with the easiest account in the world. For free

Create an account in less than a minute. No commitment required.

Download the mobile super-app

How digital cash works on-chain

The world’s first fully backed, transparent, on-chain verifiable digital cash.

Together with our community, we have created digital cash for the digital age.
Fluid enables users to mint their own digital cash, right from their Fluid Account or their Traditional Bank Account.
Or, you can simply purchase digital cash directly on-chain.
Built for mass crypto adoption.

You are the Mint

With us, the user mints digital cash using their own world currency deposits.
When the user presses ‘mint’, their USD deposits get sent to Fluid’s public treasury account, which is broadcasted to the blockchain (demonstrating our on-chain verifiable reserves).

Digital dollars (DUSD) are then minted to the user’s Web3 wallet (like MetaMask).
This happens in seconds on Arbitrum, and is cheaper and more convenient than using a crypto exchange.

You are also in control of redeeming

When the user presses ‘redeem’, the digital dollars (DUSD) get burned.
The user receives the money back to their own Fluid Account or Traditional Bank Account.
For Traditional Bank Account holders USD moves from our treasury account to the user’s bank account with us.
Again in seconds.

Our smart contract doesn’t allow more digital dollars to be created than there are USD in the public treasury account, on-chain.

Fluid’s digital cash is verifiable to anyone, on-chain, 24/7. Faster, cheaper and safer than anything else.

You can buy digital cash or you can mint digital cash

How to buy digital cash

You can purchase digital cash on-chain, if you are a crypto user.

Anyone can also purchase digital cash directly from Fluid.

Here are the steps:

Create a Fluid Account.
Top up your account. Now you have digital cash.
To send the digital cash on-chain, connect a Web3 wallet and select Mint.

You will need to provide ID verification information in relation to the size of your purchase of digital cash. Per transaction per day, the requirements are:

Above $1,000 Identification
Above $5,000 Identification
Above $25,000 Identification

These ID verification processes are undertaken through specialist ID software and controlled by our in-house compliance experts. For most people it takes less than a minute.

How to mint digital cash

You can mint digital cash from your Fluid Account and your Traditional Bank Account.